TweetDeck Investors Stand to Win on Twitter IPO

By

Ben Rooney

Oct 4, 2013 2:01 pm GMT

A handful of private investors who put money into London-based TweetDeck before it was acquired by Twitter Inc. look set to do nicely out of the company’s IPO.

Twitter bought TweetDeck, founded by Iain Dodsworth, in May 2011. Twitter’s S-1 filing now shows Twitter paid $20.4 million for TweetDeck, considerably less than the figures of $40 million to $50 million that were talked about at the time.

The S-1 shows Twitter paid $17.1 million in cash and $3.3 million in the company’s common stock. The valuation was based on the company’s nominal value at the time, not the price on secondary markets.